EU and US seek solution to global steel market overcapacity

Israel ‍has recognized Somaliland as an "independent and sovereign state," Israeli Prime Minister Benjamin Netanyahu said on Friday. "Together with Foreign Minister Sa'ar and the President of the Republic of Somaliland, we signed a joint and mutual declaration," Netanyahu posted to X. "This declaration is in the spirit of the Abraham Accords signed at the initiative of President Trump," he said. In doing so, Israel became the first country to recognize the breakaway region. Somalia's Foreign Ministry denounced Israel's "deliberate attack" on its sovereignty and warned that recognizing Somaliland as an independent state would "undermine regional peace." "Illegitimate actions of this nature seriously undermine regional peace and stability, exacerbate political and security tensions," the ministry said in a statement. Egyptian Foreign Minister Badr Abdelatty said he held phone calls with his counterparts from Somalia, Turkey and Djibouti to discuss what they described as dangerous developments in the Horn of Africa, following Israel's announcement The ministers condemned Israel’s recognition of Somaliland, reaffirmed their full support for Somalia’s unity and territorial integrity, and warned that recognizing breakaway regions poses a threat to international peace and security, Egypt's Foreign Ministry said. "This initiative by Israel, which aligns with its expansionist policy and its efforts to do everything to prevent the recognition of a Palestinian state, constitutes overt interference in Somalia's domestic affairs," the Turkish Foreign Ministry said in a statement.  The African Union (AU) joined the condemnations of Israel's recognition of Somaliland.  "Any attempt to undermine the unity, sovereignty, and territorial integrity of Somalia... risks setting a dangerous precedent with far-reaching implications for peace and stability across the continent," an AU statement read. Israel said that it has now established diplomatic relations with Somaliland, and the two will soon set up embassies. commonspace.eu political editor said in a comment that by recognising Somaliland Israel has opened Africa's pandora's box. "The borders of most African countries were drawn in colonial times, and in the post-colonial period of the last seventy years, these borders have been considered sacrosanct. The two exceptions are also to be found in the Horn of Africa, where Eritrea broke away from Ethiopia and South Sudan broke away from Sudan." (click the image to read the full article).